Ontario Land Transfer Tax Calculator
👉 Enter your property's purchase price to calculate your estimated Land Transfer Tax (LTT).
👉 Automatically calculates Ontario LTT & Toronto LTT (if applicable).
👉 Breaks down tax amounts for each tier so you can understand how it's calculated.
💡 First-time buyer? Find out how much you can save with rebates!
What is the Ontario Land Transfer Tax?
When purchasing a home in Ontario, buyers are required to pay a Land Transfer Tax (LTT). This tax is based on the purchase price of the property and follows a tiered tax structure.
If you're buying in Toronto, there is an additional municipal land transfer tax, effectively doubling the amount you pay.
💡 Use our calculator below to quickly estimate your land transfer tax!
Breakdown of Ontario Land Transfer Tax
Ontario's LTT is calculated in tiers, meaning different portions of the property price are taxed at different rates:
| Price Bracket | Tax Rate |
|---|---|
| First $55,000 | 0.50% |
| $55,000.01 – $250,000 | 1.00% |
| $250,000.01 – $400,000 | 1.50% |
| $400,000.01 – $2,000,000 | 2.00% |
| Over $2,000,000 | 2.5% (residential properties only) |
📌 Example Calculation for a $500,000 Home:
| Price Bracket | Tax Rate | Amount Taxed | Tax Owed |
|---|---|---|---|
| First $55,000 | 0.50% | $55,000 | $275 |
| $55,000.01 – $250,000 | 1.00% | $195,000 | $1,950 |
| $250,000.01 – $400,000 | 1.50% | $150,000 | $2,250 |
| $400,000.01 – $500,000 | 2.00% | $100,000 | $2,000 |
| Total LTT: | $6,475 |
Toronto Land Transfer Tax
If you're purchasing property within Toronto, you'll need to pay both the Ontario LTT and the Toronto Municipal LTT, which follows the exact same tax structure.
| City | Ontario LTT | Toronto LTT | Total LTT |
|---|---|---|---|
| Toronto | $6,475 | $6,475 | $12,950 |
| Other Ontario Cities | $6,475 | $0 | $6,475 |
💡 Live outside Toronto? You pay only the Ontario tax!
First-Time Home Buyer Rebate
Ontario and Toronto offer rebates to first-time home buyers!
If you're a first-time homebuyer, you may qualify for a rebate on the land transfer tax, which can significantly reduce or even eliminate your tax costs.
Ontario First-Time Buyer Rebate:
- Maximum rebate: $4,000
- Covers 100% of the tax on homes priced up to $368,333
- Partial rebate applies to homes priced above this amount
Toronto First-Time Buyer Rebate:
- Maximum rebate: $4,475
- Covers 100% of the Toronto tax on homes priced up to $400,000
- Partial rebate applies beyond this price
📌 Example:
If you're a first-time buyer purchasing a $500,000 home in Toronto, your total LTT is $12,950, but with the rebates:
- Ontario rebate (-$4,000)
- Toronto rebate (-$4,475)
✅ You only pay $4,475 instead of $12,950!